dairy buyout could milk beef business dry

The National Cattlemen’s Beef Association (NCBA) is opposing the dairy buyout, because while a government buyout of older cows would reduce dairy supply, raising prices, it would also flood the market with these older cows, making beef prices take a plunge.
“The cattle industry is not subsidized by the government, nor do we wish to be,” said NCBA President and Arizona rancher Andy Groseta. “However, we are subject to the unintended consequences of policy directed towards other sectors of agriculture, such as the dairy industry. Flooding the market with beef and driving down the price for our products will be devastating for America’s cattle producers.”
For more information, read the NCBA press release.

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